2 Tesseneer Dr - Warehouse FOR SALE


Highland Heights, KY 41076
$13,673,000 USD
918-640-4977
2 Tesseneer Dr, Highland Heights, KY for Sale
$13,673,000 USD
Warehouse - FOR SALE
1/4
null | 7% Cap Rate

2 Tesseneer Dr
Highland Heights, KY 41076


HIGHLIGHTS

  • 100% leased to Thermo Fisher Scientific, an investment-grade tenant rated A- by Standard & Poor’s.
  • Located at the intersection of I-275 and I-471 with direct interstate access and excellent regional connectivity.
  • Long-term occupancy history exceeding 20 years, underscoring tenant commitment.
  • Positioned adjacent to Northern Kentucky University, supporting workforce and research synergies.
  • Nearly 10-acre parcel with extensive lab build-out and modernized infrastructure.
  • Lease includes annual rent increases and a renewal option, ensuring long-term income stability.

OVERVIEW

Colliers introduces the sale of a fully leased Thermo Fisher Scientific R&D facility strategically located within the Cincinnati MSA at the intersection of Interstates 275 and 471. This offering represents a rare opportunity to acquire a 100% net-leased investment with approximately six years of remaining lease term, backed by investment-grade credit and a tenant of significant global stature. The property serves as a critical research hub, occupied for over two decades and featuring highly specialized lab and support areas. Situated on nearly 10 acres, the site benefits from direct interstate visibility and access, ensuring logistical convenience and strong regional connectivity. Its proximity to Northern Kentucky University, with over 15,000 students, further enhances long-term value through a deep talent and innovation pipeline. The tenant—Thermo Fisher Scientific (NASDAQ: TMO)—holds an A- rating from Standard & Poor’s and continues to lead in global life sciences, demonstrating strong financial stability and operational commitment to this location. With modern infrastructure, TPO roof replacement, and robust mechanical systems updated in recent years, the asset provides both durability and functional integrity. Investors will appreciate contractual annual rent escalations, below-market rents, and renewal options, all contributing to continued income growth and resilient performance.

FOR SALE DETAILS

PRICE

$13,673,000 USD

PRICE/SF

$191 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1983

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

-

PARKING SPACES

182

LAND DETAILS

LAND ACRES

9.71

LAND SF

422,968

ZONING

-

APN/PARCEL ID

999-99-33-668.01

ASK ABOUT THIS PROPERTY

Ken HedrickColliersMore Info
918-640-4977

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Ken HedrickColliersMore Info
918-640-4977

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.